Nikon (OTCMKTS:NINOY) Shares Gap Down – Here’s Why

Shares of Nikon Corp. (OTCMKTS:NINOY) gapped down prior to trading on Tuesday . The stock had previously closed at $11.56, but opened at $10.87. Nikon shares last traded at $11.2645, with a volume of 3 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NINOY. Jefferies Financial Group cut shares of Nikon from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Zacks Research downgraded Nikon from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Nikon Trading Down 1.2%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97. The business has a 50-day moving average price of $11.87 and a two-hundred day moving average price of $10.63. The firm has a market cap of $3.75 billion, a PE ratio of 43.25 and a beta of 0.49.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, November 6th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). The company had revenue of $1 billion for the quarter, compared to analyst estimates of $1.03 billion. Nikon had a net margin of 1.85% and a return on equity of 1.99%. Analysts forecast that Nikon Corp. will post 0.44 EPS for the current year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.